Your Roadmap to Financial Security
Start your wealth journey with us today
Partner with Coronation’s team of financial experts to make smart choices to preserve and grow your wealth.
You’ve booked your flight. Your accommodation is confirmed. Your bags are almost packed.
The excitement of travel is hard to beat. Whether you’re heading abroad for a holiday, a business meeting, a family visit, or an educational pursuit, most people spend weeks preparing for the journey itself.
But there’s one thing many travellers overlook until it’s too late: travel insurance.
Ironically, the people who often need travel insurance the most are the ones who believe they don’t need it at all. Unfortunately, a few common myths continue to stop travellers from getting the protection they need.
Before your next trip, here are some travel insurance myths that could end up costing you more than you think.
1. “Nothing Will Happen to Me”
This is perhaps the most common travel insurance myth.
Nobody books a trip expecting to lose luggage, miss a connecting flight, fall ill, or experience a travel disruption. Yet these situations happen every day to travellers around the world.
A delayed flight can mean additional accommodation costs. Lost baggage can leave you replacing essential items. A medical emergency abroad can result in bills running into thousands of dollars.
Travel insurance exists because unexpected events don’t send invitations before they arrive.
The smartest travellers aren’t the ones who assume everything will go perfectly. They’re the ones who prepare for the possibility that it might not.
2. “Travel Insurance Is Too Expensive”
Many people spend months saving for flights, hotels, shopping, and activities, yet hesitate to purchase travel insurance.
What they often don’t realise is that travel insurance is typically one of the smallest expenses in the entire travel budget.
Think about it:
- A cancelled trip could cost you hundreds or thousands.
- Lost baggage could mean having to replace clothing, gadgets, and personal items.
- Medical treatment abroad can be significantly more expensive than expected.
- Emergency travel changes can quickly drain your finances.
Compared to these potential costs, travel insurance is a relatively small investment that can provide significant protection.
3. “My Health Insurance Covers Me Everywhere”
Many travellers assume their existing health insurance automatically follows them wherever they go.
Unfortunately, that’s not always the case.
Some health plans provide limited international coverage, while others may not cover overseas treatment at all. Even when coverage exists, emergency evacuations, travel disruptions, and other travel-related risks are often excluded.
Travel insurance is designed specifically for the realities of being away from home.
That’s why it’s important to understand exactly what your existing coverage includes before boarding your flight.
4. “I Only Need Travel Insurance for International Trips”
Travel disruptions don’t discriminate between local and international destinations.
Flights can be delayed. Luggage can go missing. Accidents can happen. Emergencies can arise.
Whether you’re travelling across the country or across continents, unexpected situations can still affect your plans and finances.
Travel insurance provides peace of mind wherever your journey takes you.
5. “Buying Travel Insurance Means I Expect Something Bad to Happen”
Not at all.
Purchasing travel insurance isn’t pessimistic. It’s practical.
It’s no different from locking your front door, wearing a seatbelt, or keeping an emergency fund.
You don’t take these precautions because you expect something to go wrong. You take them because life is unpredictable.
Travel insurance simply helps ensure that one unexpected event doesn’t turn an exciting trip into a stressful financial burden.
Travel Smarter, Travel Protected
Travel should be about creating memories, exploring new opportunities, and enjoying new experiences, not worrying about what could go wrong.
While no one can predict the future, you can prepare for it.
That’s why many travelers choose Coronation Travel Insurance, designed to provide protection and support when unexpected situations arise during your journey.
Whether you’re traveling for business, leisure, education, or family commitments, having the right cover allows you to focus on the trip itself, knowing you’re protected along the way.
Before your next journey, don’t let myths decide for you. Travel with confidence. Travel protected.
Email: info@coronationinsurance.com.ng
Call: 02-01-2275475 or 02-01-2275476
Related Posts
When to Buy Life Insurance: Timing Is Everything
Most people don’t struggle with the idea of life insurance. They struggle with timing. At what point should you get Read more
Securing Your Family’s Future with Insurance
Losing a loved one is never easy, and the financial burden that often follows can make an already difficult time Read more
Webinar Insights on Strengthening Third-Party Motor Insurance Adoption in Nigeria
Every day, up to 12 million cars ply Nigerian roads. Many of the drivers of these vehicles do not have Read more
Beyond Compliance: A New Era of Sustainability and ESG Risk Integration
After the 2008 global financial crisis, regulators around the world began asking harder questions about risks that had gone unrecognised Read more
